Retirement planning allows you to plan your finances so that when you stop working, you can continue to enjoy the lifestyle you want. Here is a detailed guide to the most effective retirement planning approach for 2025 and beyond.
Generally retirement age ranges between 60-65, it depends on country you living and works. Lifestyle: Project yearly expenditures (travel, healthcare, hobbies). Location: Where you will reside impacts cost of living and tax rates.
Aim for 70--90% of your pre-retirement income using a retirement calculator. Be sure to account for inflation and the rising costs of health care (commonly overlooked).
Example: Rs.50000/- per month saved at 7% return over 30 years = approximately Rs.5.9 crore approx. or more!
A. Age Between 20s--40s: Predominantly stocks (higher risk, higher growth). Suggested allocation: 85% in stocks, 10% in bonds, 5% Cash/other
B. Age Between 50s--60s: Increase bonds and low-risk assets. Suggested allocation: 60% in stocks, 35% in bonds, 5% Cash/other.
C. Retirement: Maintain capital; focus on income (dividends, annuities). Suggested allocation: 30% in stocks, 60% in bonds, 10% Cash/other.
| Age Group | Stocks | Bonds | Cash/Other | Strategy Focus |
|---|---|---|---|---|
| 20s - 40s | 85% | 10% | 5% | Higher risk, higher growth |
| 50s - 60s | 60% | 35% | 5% | Increase bonds and low-risk assets |
| Retirement | 30% | 60% | 10% | Maintain capital; focus on income |
Consider Long-Term Health Care Insurance.
Social Security/Pensions (if applicable). Rental Income, Dividends, Side Businesses. Annuities for Guaranteed Income.
Wills, trusts, power of attorney, healthcare directives; update beneficiaries on all accounts.
Life circumstances change, the market moves, and the law evolves.
Make adjustments annually; rebalance portfolio and goals as necessary.
Wealth GPT will guide your step by step to retire early, as you require either at age 45 or 55. Best Investment strategies you can find for your Retirement planning with the tool of Welathplys GPT.
It's not matter that how much you want at retirement; it should be on goad-based retirement planning. How much you require with inflation adjusted amount each month till you survive. Wealthplys GPT gives you whole retirement planning that how much fund is required as per your requirement at desired retirement age; also it tells you the current investment amount per month to achieve retirement goal.
Wish you all the best for Happy Retirement Journey with Wealthplys!
Note: Suggestion above about allocation is not confirmation of asset allocation; kindly do risk profiling before any decision, and do allocation as per your risk profiling and age. We do not recommending above allocation.